In today's episode, we have a special guest, John Francis, a highly experienced farm business advisor hailing from Wagga Wagga in New South Wales. John is the proud Director and Consultant at Agrista, where he has garnered extensive knowledge in the field of agriculture. With 15 years of experience as an Agronomist and another 15 years dedicated to farm business advisory, John is well-equipped to guide clients in enhancing their core profitability.

During our conversation, we delve into the crucial aspects of running a profitable livestock enterprise. Specifically, we explore the significance of adopting a per hectare and per DSE (Dry Sheep Equivalent) focus to maximise returns from your land. Additionally, we shed light on calculating the critical farm business measure of Return on Asset managed, considering the current landscape of soaring land prices and asset values.

We also address the recent changes in the farm business environment, such as increasing interest rates, high inflation, and softening commodity prices. Despite these challenges, John highlights the wealth creation opportunities that exist for businesses with strong financial management skills. As we navigate this new economic environment, it becomes evident that mastering financial management, budgeting, and cashflow skills will be paramount for businesses to thrive.

This conversation offers a captivating and informative insight into farm business management, delivered by one of the industry's leading experts. We are confident that you will gain valuable knowledge from John's expertise.